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Ontario Loan Agreement for Non-Revolving Term Loan with Royalty Payments

This is an Ontario legal document.
The loan is a non-revolving term loan, to be advanced in a single payment.
The loan bears no interest until default. Instead of interest, the borrower will pay a percentage of its net revenues to the lender as a royalty (exclusive of loan advances).
All payments are applied to interest first.

$6.29

This type of loan agreement is typically used for construction projects.
Advances will be made as and when needed, up to a maximum amount.
Interest will be calculated daily based on the principal balance outstanding, not compounded.
Principal may be repaid at any time with no prepayment penalty.
All outstanding principal and interest becomes due upon completion of the project.
This legal contract template is available as a downloadable and fully editable MS Word template.
Intended for use only in the Province of Ontario, Canada.

$12.49

The corporation (as borrower) grants the secured party (a trustee for the shareholders) a security interest over the borrower's corporate assets, in order to secure its current or future indebtedness to its shareholders for shareholder advances, stock dividends or other obligations.
The secured party holds the security interest in trust for the shareholders and may release all or part of the secured collateral as it sees fit.
The borrower is restricted from selling, transferring, leasing or otherwise disposing of any of the collateral forming the security.
This legal agreement template is available as a fully editable Microsoft Word document.
Intended for use only in the Province of Ontario, Canada.

$29.99

The assignor (creditor) holds a security interest over the property and assets of a debtor as security for a loan.
The assignor assigns and transfers the security interest to another party who is purchasing all of the assignor's interest in the debt and the security.
This type of assignment is often part of a sale of a business that extends credit to its customers.
The form is available as a downloadable and fully editable MS Word document.
Intended to be used only in the Province of Ontario, Canada.

$8.99

A borrower pledges shares of stock to a lender, to be held as security for a loan that the lender is making to the borrower.
The borrower agrees to pledge any additional, substitute or replacement shares issued in its name.
The borrower retains the right to vote the shares.
The agreement contains a limitation on personal liability clause with respect to the borrower's responsibility for any deficiency owing after disposition of the shares.
This form is a fully customizable legal template that you can use as often as you need to.
Intended for use only in the Province of Ontario, Canada.

$29.99

A shareholder pledges shares of stock to a lender, to be held as security for a loan that the lender is making to a borrower that is a related party to the shareholder.
The borrower agrees to pledge any additional, substitute or replacement shares issued in its name.
The borrower retains the right to vote the shares.
The shareholder has no liability for any shortfall between the balance of the debt owing and any proceeds realized from dealing with the shares, and the lender has no recourse against the shareholder for such shortfall.
The shareholder is not a guarantor, surety or indemnifier.
This legal form template is available in MS Word format.
Intended for use in the Province of Ontario, Canada.

$24.99